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Top Rated
118 Ratings
3 Ratings
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Score 8 out of 100

Wave Accounting

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Top Rated
118 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.6 out of 100

Likelihood to Recommend

Thomson Reuters CS Professional Suite

This product is best suited for public accounting firms. I would recommend this to small-medium sized accounting firms as I believe they can best utilize the multiple services provided by CS Professional Suite. The ability to access server files and review changelogs/audit logs/ and other pertinent information allow for a strong level of collaboration between employees.
Albert Hwang | TrustRadius Reviewer

Wave Accounting

Wave is free to use, and they have some premium features you can pay for. For someone just starting out as a small business, freelancer or independent contractor, this is a Godsend. You can look professional, have something easy to manage, and yet also have excellent records come the end of the year. You won't spend a bunch of time having to learn the program, it's very intuitive and you get a host of great features that will make getting paid easy.
J.P. VanderLinden | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.0
Pay calculation
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.5
Benefit plan administration
Thomson Reuters CS Professional Suite
Wave Accounting
7.5
Direct deposit files
Thomson Reuters CS Professional Suite
Wave Accounting
8.3
Salary revision and increment management
Thomson Reuters CS Professional Suite
Wave Accounting
7.6
Reimbursement management
Thomson Reuters CS Professional Suite
Wave Accounting
8.0

Security

Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.5
Single sign-on capability
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.8
Role-based user permissions
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.3

Reporting & Analytics

Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.5
Dashboards
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.5
Standard reports
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.6
Custom reports
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.3

General Ledger and Configurable Accounting

Thomson Reuters CS Professional Suite
9.1
Wave Accounting
7.9
Bank reconciliation
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.0
Fixed asset management
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.4
Regulations compliance
Thomson Reuters CS Professional Suite
8.0
Wave Accounting
6.6
Electronic tax filing
Thomson Reuters CS Professional Suite
8.0
Wave Accounting
7.7
Journals and Reconciliations
Thomson Reuters CS Professional Suite
8.9
Wave Accounting
7.5
Standardized Processes
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.7
Accounts payable
Thomson Reuters CS Professional Suite
Wave Accounting
7.7
Accounts receivable
Thomson Reuters CS Professional Suite
Wave Accounting
8.4
Cash management
Thomson Reuters CS Professional Suite
Wave Accounting
7.9
Expense management
Thomson Reuters CS Professional Suite
Wave Accounting
8.6
Time tracking
Thomson Reuters CS Professional Suite
Wave Accounting
5.7
Multi-currency support
Thomson Reuters CS Professional Suite
Wave Accounting
7.2
Multi-division support
Thomson Reuters CS Professional Suite
Wave Accounting
7.1
Self-service portal
Thomson Reuters CS Professional Suite
Wave Accounting
7.7
Global Financial Support
Thomson Reuters CS Professional Suite
Wave Accounting
9.0
Primary and Secondary Ledgers
Thomson Reuters CS Professional Suite
Wave Accounting
9.1
Intercompany Accounting
Thomson Reuters CS Professional Suite
Wave Accounting
8.5
Localizations
Thomson Reuters CS Professional Suite
Wave Accounting
7.6
Enterprise Accounting
Thomson Reuters CS Professional Suite
Wave Accounting
7.4
Configurable Accounting
Thomson Reuters CS Professional Suite
Wave Accounting
7.9
Centralized Rules Framework
Thomson Reuters CS Professional Suite
Wave Accounting
8.4

Inventory Management

Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.1
Location management
Thomson Reuters CS Professional Suite
10.0
Wave Accounting
8.4
Inventory tracking
Thomson Reuters CS Professional Suite
Wave Accounting
5.9
Automatic reordering
Thomson Reuters CS Professional Suite
Wave Accounting
9.1
Manufacturing module
Thomson Reuters CS Professional Suite
Wave Accounting
9.0

Customization

Thomson Reuters CS Professional Suite
Wave Accounting
7.8
API for custom integration
Thomson Reuters CS Professional Suite
Wave Accounting
8.0
Plug-ins
Thomson Reuters CS Professional Suite
Wave Accounting
7.5

Order Management

Thomson Reuters CS Professional Suite
Wave Accounting
8.1
Pricing
Thomson Reuters CS Professional Suite
Wave Accounting
8.4
Order entry
Thomson Reuters CS Professional Suite
Wave Accounting
8.4
Credit card processing
Thomson Reuters CS Professional Suite
Wave Accounting
8.3
Cost of goods sold
Thomson Reuters CS Professional Suite
Wave Accounting
8.0
Order Orchestration
Thomson Reuters CS Professional Suite
Wave Accounting
7.0
End-to-end order visibility
Thomson Reuters CS Professional Suite
Wave Accounting
8.9
Order exception Resolution
Thomson Reuters CS Professional Suite
Wave Accounting
7.4

Pros

Thomson Reuters CS Professional Suite

  • It is excel based which makes it easier to input information.
Cyndy Ramey | TrustRadius Reviewer

Wave Accounting

  • The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
  • The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
  • It is very easy to generate a sales invoice and see the average period for our company to get paid.
  • I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Lukas Sundahl, MBA | TrustRadius Reviewer

Cons

Thomson Reuters CS Professional Suite

  • Requires a time investment for the learning curve to fully utilize the benefits provided by CS Professional Suite.
  • Older looking UI and aesthetic.
Albert Hwang | TrustRadius Reviewer

Wave Accounting

  • connection to bank sometimes lags - you can refresh the connection but it takes a minute or two to update
  • sometimes invoices are categorized as sales versus consulting income - you really have to look and change it to the appropriate income account. once an invoice is recorded as paid, you can change the income account
  • Wave has a tendency of not accepting a saved password, forcing users to reset a password that is knowingly valid. Using Single Sign On eliminates this but it's still annoying.
Kristy Nittskoff | TrustRadius Reviewer

Likelihood to Renew

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris | TrustRadius Reviewer

Usability

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 5.3
Based on 4 answers
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
Melissa Whaley | TrustRadius Reviewer

Reliability and Availability

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Performance

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 2.9
Based on 2 answers
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
Melissa Whaley | TrustRadius Reviewer

Support

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman | TrustRadius Reviewer

Online Training

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen | TrustRadius Reviewer

Alternatives Considered

Thomson Reuters CS Professional Suite

Thomson Reuters is all I have experience with.
Cyndy Ramey | TrustRadius Reviewer

Wave Accounting

Wave is better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis | TrustRadius Reviewer

Scalability

Thomson Reuters CS Professional Suite

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin | TrustRadius Reviewer

Return on Investment

Thomson Reuters CS Professional Suite

  • Not authorized to view the large scale picture of Thomson Reuters CS Suite on ROI, however, it has been a part of the business model for years with constant updates and is only getting more and more efficient as time goes on.
Albert Hwang | TrustRadius Reviewer

Wave Accounting

  • Wave is free. As a small business owner, it's difficult for me to commit to using too many different software because costs add up. Wave is a very competitive application with many features. I don't think I can go elsewhere at this point. It's far too attractive.
  • Wave does have paid features relating to payroll and bank account transfers. I prefer to handle incoming payments through checks manually so I don't worry about bank transfers. For some, this might be a concern, but you are likely paying for this no matter what you use.
  • Wave has saved me a considerable amount of time going back and forth between my bank's website and excel sheets. This is immeasurable to me. Keeping invoices in one place is also a big deal. I really love this software.
Chris Hecox | TrustRadius Reviewer

Pricing Details

Thomson Reuters CS Professional Suite

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Wave Accounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Thomson Reuters CS Professional Suite
7.9
Wave Accounting
8.5

Likelihood to Renew

Thomson Reuters CS Professional Suite
Wave Accounting
7.8

Usability

Thomson Reuters CS Professional Suite
Wave Accounting
5.3

Reliability and Availability

Thomson Reuters CS Professional Suite
Wave Accounting
6.7

Performance

Thomson Reuters CS Professional Suite
Wave Accounting
2.9

Support

Thomson Reuters CS Professional Suite
Wave Accounting
9.0

Online Training

Thomson Reuters CS Professional Suite
Wave Accounting
4.7

Scalability

Thomson Reuters CS Professional Suite
Wave Accounting
3.0

Add comparison